Results of annual general meeting TRANSCEND RESIDENTIAL PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) Registration number 2016/277183/06 JSE share code: TPF ISIN: ZAE000227765 (Approved as a REIT by the JSE) (“Transcend” or “the company”) RESULTS OF ANNUAL GENERAL MEETING Shareholders are advised that at the annual general meeting of shareholders held on Thursday, 29 June 2017 (in terms of the notice of annual general meeting dispatched to shareholders on 31 May 2017), all of the resolutions tabled thereat were passed by the requisite majority of Transcend shareholders. Details of the results of voting at the annual general meeting are as follows: - total number of Transcend shares that could have been voted at the annual general meeting: 66 305 662 - total number of Transcend shares that were present/represented at the annual general meeting: 65 748 843 being 99.16 % of the total number of Transcend shares that could have been voted at the annual general meeting. Ordinary Resolution 1.1: Re-election of RR Emslie as a director Shares voted For Against Abstentions 65 748 843 65 748 843, being 100% - - Ordinary Resolution 1.2: Re-election of MS Aitken as a director Shares voted For Against Abstentions 65 748 843 65 748 843, being 100% - - Ordinary Resolution 1.3: Re-election of FN Khanyile as a director Shares voted For Against Abstentions 65 748 843 65 748 843, being 100% - - Ordinary Resolution 1.4: Re-election of CP Conaty as a director Shares voted For Against Abstentions 65 748 843 65 748 843, being 100% - - Ordinary Resolution 1.5: Re-election of ML Falcone as a director Shares voted For Against Abstentions 65 748 843 65 748 843, being 100% - - Ordinary Resolution 1.6: Re-election of DP Lange as a director Shares voted For Against Abstentions 65 748 843 65 748 843, being 100% - - Ordinary Resolution 1.7: Re-election of RN Wesselo as a director Shares voted For Against Abstentions 65 748 843 65 748 843, being 100% - - Ordinary Resolution 1.8: Re-election of S Mboweni as a director Shares voted For Against Abstentions 65 748 843 65 748 843, being 100% - - Ordinary Resolution 2.1: Election of RR Emslie as a member of the Audit and Risk Committee Shares voted For Against Abstentions 65 748 843 65 748 843, being 100% - - Ordinary Resolution 2.2: Election of FN Khanyile as a member of the Audit and Risk Committee Shares voted For Against Abstentions 65 748 843 65 748 843, being 100% - - Ordinary Resolution 2.3: Election of MS Aitken as a member of the Audit and Risk Committee Shares voted For Against Abstentions 65 748 843 65 748 843, being 100% - - Ordinary Resolution 3: Appointment of external auditors Shares voted For Against Abstentions 65 748 843 65 748 843, being 100% - - Ordinary Resolution 4: General authority to issue shares for cash Shares voted For Against Abstentions 65 748 843 65 748 843, being 100% - - Ordinary Resolution 5: Authority to implement resolutions Shares voted For Against Abstentions 65 748 843 65 748 843, being 100% - - Ordinary Resolution 6: Approval to amend the Asset Management Agreement Shares voted For Against Abstentions 65 748 843 65 748 843, being 100% - - Ordinary Resolution 7: Non-binding ordinary resolution No. 1- Endorsement of remuneration policy Shares voted For Against Abstentions 65 748 843 65 748 843, being 100% - - Special Resolution 1: Approval of non-executive directors’ remuneration Shares voted For Against Abstentions 65 748 843 65 748 843, being 100% - - Special Resolution 2: General authority to repurchase shares Shares voted For Against Abstentions 65 748 843 65 748 843, being 100% - - Special Resolution 3: General authority to provide financial assistance to related or inter-related entities Shares voted For Against Abstentions 65 748 843 65 748 843, being 100% - - Special Resolution 4: Approval to issue shares in terms of section 41(1) of the Companies Act 71 of 2008 Shares voted For Against Abstentions 65 748 843 65 748 843, being 100% - - 29 June 2017 Designated advisor Java Capital Date: 29/06/2017 03:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.